For many public and private construction projects that require contractor bonds, the bidding process begins with presenting a bid bond.
A bid bond assures the project owner that a contractor intends to enter into a contract for the construction project at the bid price and will be able to present the required performance and payment bonds. HCDT can help you obtain a bid bond, and the subsequent performance bond and payment bond.
For existing HCDT clients with up-to-date financial statements, this is a relatively simple process. But, for contractors who are new to the process of bidding when surety bonds are required, an experienced bond agency like HCDT can introduce your company to surety bond providers. We will help you assemble the documentation needed to verify your company’s experience, capabilities, and financial strength, so all bonding requirements are met.
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